Petition Filed in SC Against RBI Again for Crypto Ban, This Time by Internet and Mobile Authority of India (IAMAI)

Ever since RBI published a circular a few weeks back on prohibiting its banks on dealing in cryptocurrencies, many cryptocurrency exchanges and bodies in India have been enraged by the crypto ban. In fact some of them have also filed a petition against the RBI which has moved to the Supreme Court of India. The regulator has given banks a deadline of July 6 to adhere to the new rule.

Latest filing the writ petition against the central bank is Internet and Mobile Association of India (IAMAI). The petition was filed in the apex court on Tuesday. IAMAI president Subho Ray has confirmed the filing of the petition but did not want to comment since the matter was scheduled for a hearing.

Before this a number of other writ petitions have also been filed in this regard, which include the petition of 11 individuals and a separate petition of 4 major crypto exchanges. Two...

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This article was first published on: Latest Crypto News